Which of the following is an example of an implicit cost for a firm? The value of time worked by the owner. Any wages and salaries paid to employed. Rent on property not owned by firm. Both b and c. Solution An example of implicit cost for a firm is: The value of time worked by the owner. The wages and salaries paid to employees and the rent on property not owned by firm are examples of explicit cost. I hope my solution solves your query. .